Common use of Performance Vesting Program Clause in Contracts

Performance Vesting Program. If the Compensation Committee determines that: i. The Company has achieved on any calendar quarter-end on or before December 31, 2016, at least $660,000,000 in Pre-Tax Earnings for the twelve-month period preceding such quarter-end (the “100% Performance Goal”), then 252,800 of RSUs subject to the Performance Vesting Program shall be earned, subject to the conditions set forth in Paragraph 1(c) below, or ii. The Company has achieved at least $594,000,000 but less than $660,000,000 in Pre-Tax Earnings for calendar year 2016 (the “90% Performance Goal”), then 189,600 of RSUs subject to the Performance Vesting Program shall be earned, subject to the conditions set forth in Paragraph 1(c) below. For the avoidance of doubt, if the 90% Performance Goal applies, Executive shall have no further right or interest in the additional 63,200 RSUs that are available under the Performance Vesting Program only if the 100% Performance Goal is achieved. iii. The Company has achieved at least $528,000,000 but less than $594,000,000 in Pre-Tax Earnings for calendar year 2016 (the “80% Performance Goal”), then 126,400 of RSUs subject to the Performance Vesting Program shall be earned, subject to the conditions set forth in Paragraph 1(c) below. For the avoidance of doubt, if the 80% Performance Goal applies, Executive shall have no further right or interest in the additional 126,400 RSUs that are available under the Performance Vesting Program only if the 100% Performance Goal is achieved.

Performance Vesting Program. If the Compensation Committee determines that: i. The Company has achieved on any calendar quarter-end on or before December 31, 2016, at least $660,000,000 in Pre-Tax Earnings for the twelve-month period preceding such quarter-end (the “100% Performance Goal”), then 252,800 156,924 of RSUs subject to the Performance Vesting Program shall be earned, subject to the conditions set forth in Paragraph 1(c) below, ; or ii. The Company has achieved at least $594,000,000 but less than $660,000,000 in Pre-Tax Earnings for calendar year 2016 (the “90% Performance Goal”), then 189,600 117,693 of RSUs subject to the Performance Vesting Program shall be earned, subject to the conditions set forth in Paragraph 1(c) below. For the avoidance of doubt, if the 90% Performance Goal applies, Executive shall have no further right or interest in the additional 63,200 39,231 RSUs that are available under the Performance Vesting Program only if the 100% Performance Goal is achieved.; or iii. The Company has achieved at least $528,000,000 but less than $594,000,000 in Pre-Tax Earnings for calendar year 2016 (the “80% Performance Goal”), then 126,400 78,462 of RSUs subject to the Performance Vesting Program shall be earned, subject to the conditions set forth in Paragraph 1(c) below. For the avoidance of doubt, if the 80% Performance Goal applies, Executive shall have no further right or interest in the additional 126,400 78,462 RSUs that are available under the Performance Vesting Program only if the 100% Performance Goal is achieved.. R▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Schedule 2 Employment Agreement